Impact of Globalization and Liberalization

Contents: Preface. 1. Understanding globalization and liberalization. 2. Liberalization and after. 3. Liberalization and the industrial sector. 4. Reservation policy for small scale industries. 5. Public issues by private corporate sector. 6. Improving government delivery systems. Bibliography.

"At the present, we can also say about the tale of two Indias: We have the best of times; we have the worst of times. There is sparkling prosperity, there is stinking poverty. We have dazzling five star hotels side by side with darkened ill-starred hovels. We have everything by globalization, we have nothing by globalization.

The impact of globalization and liberalization is everywhere visible in India. Top class international level goods and services are available in India, Indian companies and entrepreneurs are exploring foreign shores for business and a sense of feelgood effect is pervading everywhere in middle and upper middle class population of India, as they are the biggest beneficiaries of jobs, and goods and services created by globalization and liberalization process. But on the other side of the coin, is the deprived SC/ST population of Chattisgarh, Orissa, Jharkhand and West Bengal, where extensive mining, industrialisation and degradation of forests is going on unabated, which is resulting in uprooting of population, land alienation, and traditional mode of livelihood of indigenous population is snatched away. All these are leading to abject poverty and restlessness of the population. The impact of globalization and liberalization has to be studied deeply and continuously as there are some good effects and some bad effects too of this process."